Canary Media’s chart of the week translates crucial data about the clean energy transition into a visual format. Canary thanks Clean Energy Counsel for its support of the column.

Reaching the landmark renewable energy targets agreed at last year's global climate summit will remain a distant dream unless the world invests more than $30 trillion over the next six years. That's the stark warning the International Renewable Energy Agency (IRENA) delivered Friday at the final ministerial meeting ahead of next month's United Nations climate summit in Azerbaijan,

Renewable energy sources are set to meet nearly half of all electricity demand by the end of the decade, but to fall short of a U.N. goal to triple capacity to reduce carbon emissions, an International Energy Agency (IEA) report showed on Wednesday.

According to the IEA’s Renewables 2024 report: “MENA countries’ combined ambition is to reach 201 GW of renewable capacity by 2030”. While the main-case forecast falls 26 per cent short of this ambition, not all countries will miss their announced ambitions.

Renewable energy is on track to generate half of all electricity supply around the globe by 2030 but is expected to fall short of U.N. targets to triple capacity the same year, the International Energy Agency said.

The 5.5TW of renewable additions forecasted between now and 2030 is equal to the current power capacity of China, India, the US and the EU combined.

Renewable energy sources should satisfy half of the world’s electricity needs by 2030. However, the level will still

Last year, the International Energy Agency says, the world added a record 565 gigawatts of new renewables capacity — growth of 60 percent over 2022.